Archive for Free Agent Signing

Kwang Hyun Kim Returns to Korea

© Benny Sieu-USA TODAY Sports

With no clear end in sight to the owner’s lockout, free agent Kwang Hyun Kim 김광현 has decided to return to Korea for the 2022 season. On Monday, Jeeho Yoo of Yonhap News reported that Kim has signed a four-year deal with the SSG Landers (previously the SK Wyverns). The deal is worth 15.1 billion won ($12.3 million dollars) and breaks the record for largest KBO contract that was previously held by Dae-Ho Lee 이대호 and Sung-bum Na 나성범. In a statement released by the Landers, Kim said, “I was able to challenge myself in the majors because of support from fans here. I decided I wanted to give back to them once I returned to the KBO. The Landers recognized my value with the biggest contract ever in the KBO — I didn’t have to think long and hard about the reunion.”

Kim returns to his old team in Incheon, a squad that has missed the playoffs both years since he made the jump to the major leagues after the 2019 season: They placed ninth in the 10 team league in 2020 but came up half a game short of qualifying for the Wild Card game in 2021. Kim solidifies a starting rotation that also includes former major league pitchers Iván Nova and Wilmer Font. Font led the Landers pitching staff with a 3.46 ERA and a 3.25 FIP, but the four pitchers in the rotation behind him all had ERAs and FIPs over five. With Kim back in the fold, the Landers are likely one of the preseason favorites heading into the regular season.

I asked former FanGraphs contributor Sung Min Kim for some additional context on Kwang Hyun Kim’s return to the KBO.

“Landers are now in a very good position, especially with their pitching staff. Not only do they get one of the better KBO pitchers back in their rotation, but they also bet highly on Wilmer Font, who pitched very well with them in ’21, and Iván Nova, and they also have two solid Korean-born starters in Jong Hoon Park and Seung Won Moon set to return mid-season from injuries. Those five pitchers would make up the best rotation in all of KBO, and make them instant pennant favorites for 2022. They will certainly be a very fun team to watch.”

Kim’s time in America was anything but easy. A club legend while playing for the Wyverns from 2007-19, he made the transition to the US prior to the 2020 season. Unfortunately, his introduction to the major leagues was interrupted by a global pandemic. The next season was a little more normal, but his two-year deal with the Cardinals expired at the end of 2021 and the 33-year-old again found himself in strange circumstances, with the owner’s lockout disrupting his foray into MLB free agency.

While pitching for St. Louis, Kim’s role was as settled as the circumstances around him these past two years. He began the 2020 season as the Cardinals closer, notching his first professional save in his first major league appearance. A COVID outbreak on the team forced him into the starting rotation soon after, and he made seven starts during the remainder of the abbreviated regular season with an additional start in the Cardinals Wild Card series against the Padres. He allowed just nine total runs to score against him in those eight regular season appearances, good for a 1.62 ERA.

Last year, two separate stints on the injured list limited Kim to 21 starts and six relief appearances. The second of those trips to the IL came in mid-August after the Cardinals had acquired J.A. Happ and Jon Lester to bolster their rotation for the stretch run. Kim returned after two weeks on the sidelines but had lost his spot in the rotation by then. He made two more starts through the end of the season but was mostly relegated to mop up duty in the bullpen over the last month of the season.

All told, he made 28 starts during his time with the Cardinals and seven additional relief appearances. He compiled 1.8 WAR with an excellent 2.97 ERA that outpaced a more middling 4.34 FIP. He never racked up big strikeout totals, instead relying on good command and a solid ability to limit hard contact. Just 25.6% of the plate appearances against him ended with a hard hit batted ball, right in line with the league average over the last two seasons. He allowed a 6.3% barrel rate during his time in the majors and just a .348 expected wOBA on contact.

On the pitcher’s decision to return to Korea, Sung Min Kim had this to say:

“I think he was always inclined to stay in the US and try to prolong his career in the US by signing with another team. He’s had a desire to challenge himself in the majors for a long while, even before he signed with the Cardinals. With his age and the decreased velocity he showed during his two seasons in St. Louis, I wasn’t sure what the market looked like for him, especially given that he was relegated to a bullpen role later in 2021. I think, with the lockout taking awhile, him missing his family being back in Korea, and definitely having a clearer role guaranteed back in KBO, it was very hard to say no to a lucrative deal to come back.”

Kim’s departure from the US creates an even bigger hole in the depleted free agent starting pitching market. Twelve of the 18 starters listed on our top 50 free agents list signed new deals prior to the lockout. That leaves very few options for teams looking to bolster their rotations once the offseason resumes. Kim was ranked 35th on that list of top free agents, ahead of Zack Greinke, Michael Pineda, and Yusei Kikuchi. Though he probably wasn’t likely to land a significant payday from an MLB club, he could have been a solid back-of-the-rotation option for a contending team that needs a bit more depth in their rotation. Those teams that might have been interested in Kim’s services are now limited to looking at starters like Pineda, Kikuchi, Tyler Anderson, and Garrett Richards.

This may also be the first instance of the ongoing owner’s lockout influencing a player to leave the US to find other opportunities abroad. Obviously, Kim returning to his home country to play for the same team he starred for previously is a unique circumstance, but the fact that there was no clear end to his free agent limbo in America had to have entered into his decision-making process when opting to return to Korea. Kim chose to leave behind the uncertainty of MLB for a record-setting KBO deal.

If negotiations between MLB and the Players Association continue to drag on, jeopardizing more and more of the regular season, it wouldn’t be surprising to see players consider signing with international leagues to give them some guarantee of earnings and playing time. Bryce Harper already joked about playing in Japan and Taiwan on his Instagram account:

It’s not hard to imagine a situation where MLB players start to seriously consider their options abroad if progress towards a new CBA deal hasn’t been made. Opening day in Korea is set for April 2, while the Nippon Professional Baseball season begins on March 25. That gives players an increasingly narrow window to make a decision. Established stars like Harper probably won’t be making the jump to Asia this year, but for players still mired in free agency or on the fringe of a major league roster and ineligible to play in minor leagues, a guaranteed paycheck and playing time in a foreign league could become increasingly enticing.


Dan Straily Returns from the KBO with the Diamondbacks

© Reinhold Matay-USA TODAY Sports

It might be overstating the case to say that for the second time inside of 24 months, Dan Straily has resurfaced to rescue us from the major league baseball-free doldrums. While the owners’ lockout has put a freeze on transactions that involve major league rosters, the Diamondbacks’ signing of Straily to a minor-league deal is comparatively eye-catching. The 33-year-old righty is returning to the States following a career-salvaging two-year stint with the KBO’s Lotte Giants.

Straily previously grabbed the spotlight, such as it was, on March 23, 2020. While MLB had recently shut down spring training due to the coronavirus pandemic, the KBO was able to proceed with its preparations for the season, albeit cautiously. Straily, who had signed a $1 million deal with the Giants, pitched opposite teammate Adrian Sampson in a surreal intrasquad game that was carried on YouTube. Not only did the stream offer a preview of what baseball in a mostly-empty ballpark would look like, it provided a flicker of hope that there would be at least some baseball into which fans could sink their teeth while so much of the world was shut down. Thanks to a last-minute deal with ESPN, the KBO found a stateside audience, and we had some fun at FanGraphs getting up to speed on the league and then following along.

Straily landed in South Korea after spending parts of eight seasons (2012-19) in the majors pitching for six different franchises with mixed levels of success, accumulating 3.6 WAR via a 4.56 ERA and 5.05 FIP in 803.1 innings. He put up 1.9 WAR in 27 starts with the A’s in 2013, 1.2 WAR in 31 starts with the Reds in ’16, and a career-best 2.0 WAR in 33 starts with the Marlins in ’17. Those last two campaigns were the only ones in which he didn’t also pitch in the minors, though in 2018, he went down only for a rehab assignment following a forearm strain. Read the rest of this entry »


Knebel, Melancon Find New Late-Inning Roles

As last week’s free agent frenzy entered its final day in anticipation of a lockout by the owners, a pair of clubs entered the fray by filling clear needs for late-inning relievers.

Beginning with the move that is far more likely to impact the standings in 2022, the Philadelphia Phillies signed right-hander Corey Knebel to a one-year, $10 million deal. Knebel will seemingly replace the recently departed Héctor Neris as the club’s closer, but that makes quite an assumption about Knebel’s availability for a full 162-game schedule.

Knebel’s ability to close has never been in question, at least based on his pure stuff. In 2017, he had one of the most un-hittable seasons out of the ‘pen in recent memory, striking out 126 over 76 innings while allowing just 48 hits en route to 39 saves, a 1.78 ERA and a 2.53 FIP for the Milwaukee Brewers. He saw a minor decline in 2018 as he struggled with knee and hamstring issues, and just hasn’t really pitched that much since. Between Tommy John surgery in 2019 and an extended issue with a lat injury in ’21, Knebel has pitched just 39 innings over 42 games in the last three seasons combined, with mixed results: he fared poorly in 13.1 innings with Milwaukee in 2020, but when he was on the mound for the Dodgers last season, the results were good, posting a 2.45 ERA and a 2.90 FIP. Read the rest of this entry »


White Sox Maintain Insurance Policy, Re-sign Leury García

In news that was buried under the pre-lockout transaction rush, the White Sox brought back 30-year-old utility man Leury García on a three-year deal for $16.5 million. Despite a season slash line of .267/.335/.376, he still put up 2.0 WAR in 126 games, a testament to his defensive prowess.

It’s the bat that has been the issue, as you can see in his career 80 wRC+, though his 98 wRC+ in 2021 was a significant step up. The lack of power is the largest hole in García’s offense, or at least the clearest area for improvement. There is some measurable power, with a max exit velocity of 109.6 mph that is above league average, but it’s largely undone by a 55% ground-ball rate. He lags behind those with similar exit velocity in barrel rate, too.

Deficiencies with the bat don’t matter so much with García, though, as he is through and through a utility man, and while many players end up playing a bevy of positions, he is firmly in the Chris Taylor tier. Both were the only two players to play at least 60 innings at six different positions in 2021 — the only two with at least 30, in fact.
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Cubs Add Marcus Stroman Right at the Lockout Deadline

The Sugar Glum Fairy had one last holiday treat for us before the lockout rudely intervened, with the Cubs signing starting pitcher Marcus Stroman to a three-year contract. After opting out of the 2020 season while recovering from a calf injury, he resumed his career without missing a beat, starting 33 games for the Mets with a 3.02 ERA and 3.49 FIP, good for 3.4 WAR.

Over three years, the total guarantee for the deal is $71 million, with $25 million coming in both 2022 and ’23 and a $21 million base salary for ’24. For each 160-inning season in ’22 and ’23, $2 million is added to the ’24 salary, making it a tidy $75 million. Stroman also has the ability to opt out of the final year of his contract, becoming a free agent after 2023. Let’s jump straight into the projection.

ZiPS Projection – Marcus Stroman
Year W L S ERA G GS IP H ER HR BB SO ERA+ WAR
2022 13 9 0 3.60 31 31 170.0 163 68 19 47 148 121 3.5
2023 12 8 0 3.71 29 29 155.3 153 64 17 44 132 118 3.0
2024 11 8 0 3.82 27 27 148.3 148 63 17 42 123 114 2.7

Nothing looks particularly odd about the projection or the contract. At the salary assumption I’m going with this winter ($7.3 million for a win with 3% yearly growth), ZiPS would suggest a $70 million deal over three years; over five, it suggests $109 million, putting Stroman’s valuation very close to both that of Robbie Ray and Kevin Gausman. Stroman, though, was not subject to a qualifying offer due to accepting New York’s qualifying offer for the 2021 season (Gausman was in an identical position, but Ray cost the Mariners a draft pick). I’m mildly surprised that he didn’t land a longer deal, but whether the fact that he didn’t was due to inability to get one or simply a desire to get another crack at free agency in the not-too-distant future in a normal winter is unknown to me. If I ran a team or the MLBPA foolishly accepted a bizarre proposal from owners that resulted in my computer setting all salaries, I’d be happy to give him five years at $109 million. (Note to any negotiators: the Szymborski cartel’s service fee is 0.05% of base salary)
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Rich Hill Can Go Home Again

You already basically know how these free agent pieces go. Team signs player! The player makes sense for the team, because, well, that’s why they signed him. If you look on the bright side, it could be a great fit. If you inject a little realism, there’s certainly a chance it doesn’t end up in smiles all around. Throw in some analysis and projections, and bam, you’ve got an article going.

As is probably clear from that introduction, I’m not doing that today. Baseball is a real bummer right now. I might spend the next week trying to understand the phrase “defensive lockout,” which makes about as much sense as the Rockies’ personnel decisions. There won’t be much news at all, and what news there is will feature headlines like “League accuses MLBPA of witchcraft.”

Forget all that. Before the curtains closed, the Red Sox signed Rich Hill to a one-year deal for $5 million plus incentives. Good God, does Rich Hill love the Red Sox. This is already his seventh time signing with them (2010, 2010 again, 2011, 2014, 2014 again, 2015, and now 2021). He’s from Milton, 10 miles (or 45 minutes in miserable traffic on the 93) from Fenway Park. He attended the 2004 championship parade with his dad, for crying out loud. Read the rest of this entry »


Chris Taylor Returns to LA to Provide Certainty, Flexibility

The Los Angeles Dodgers’ brand is synonymous with superstars. It’s Clayton Kershaw, Mookie Betts, and deadline trades for Max Scherzer. Have a problem that needs a hammer? The Dodgers will bring two hammers, and they’ll have Walker Buehler on standby just in case. Those are the perks of having both one of the shrewdest front offices in baseball and one of the highest payrolls in the sport every year.

It’s funny, then, that Chris Taylor is one of the team’s greatest success stories. Taylor came to the Dodgers as an afterthought, in exchange for Zach Lee, a minor league pitcher who made all of 14 starts in the Seattle system before the team waived him. Six years later, Taylor is again headed to Los Angeles — but this time he’s doing it as a very rich man rather than a career minor leaguer. He and the Dodgers agreed to a four-year contract worth $60 million, as Ken Rosenthal reported. The deal also contains a team option for a fifth year.

All of that stuff I said at the top about the Dodgers and stars? It’s true, but the Los Angeles roster relies on positional versatility to make everything work. Taylor is the poster boy for this style: he played at least 50 innings at second, third, short, left, center, and right last year. Corey Seager injury? Taylor can fill in. Strange lineup with Max Muncy at second and Cody Bellinger at first? Taylor can flip to center — or to third base if Justin Turner needs a breather. Seager is gone, but with Trea Turner as a one-for-one replacement, Taylor will likely continue to get near-everyday playing time without a true home in the field. Read the rest of this entry »


Angels Bring Back Iglesias to Close

Raisel Iglesias, who ranked 24th on our annual list of the top 50 free agents, inspired one of the biggest gaps between the contract projection of Ben Clemens, who pegged him for three years and $15 million, and that of our readers, who had the same length, but a median AAV of just $10 million. Ben was right and then some: the best reliever on the market is returning to the Los Angeles Angels on a four-year, $58 million deal reached in the final days of the league’s pre-lockout free agent frenzy.

Iglesias rejected a qualifying offer from these same Angels two weeks ago, and in the end received a deal consistent with that of other elite late-inning relievers. He’s coming off his best season as a professional, combining a career-high strikeout rate with a career-low walk rate to give him a phenomenal 103-to-12 K/BB ratio over 70 innings during which he posted a 2.57 ERA and 2.83 FIP.

Iglesias’ entry into professional baseball was a difficult one. A native of Cuba, he spent his ages-20-22 seasons pitching in the Industrial League in his native country; he was able to leave Cuba in late 2013. Establishing residency can often be a struggle for Cuban players, and that was the case for Iglesias, who was ultimately forced to settle in Haiti. Read the rest of this entry »


Some Quiet Moves Were Made, Too: Rounding Up the Reliever Signings

Lots of money flowed ahead of this week’s unofficial lockout deadline, but not all of the moves involved swimming pools of cash. Among the many made were some low-key bullpen additions, usually by contenders, all of which arguably upgraded their respective bullpens. Let’s talk about some of the more interesting ones!

Michael Lorenzen to the Angels

Lorenzen signed a one-year, $6.75 million contract to head to Anaheim, a surprisingly juicy figure for a pitcher with an ERA well in excess of five for the Reds in 2021. As you may have guessed, his peripheral numbers were better. A FIP just over four isn’t going to evoke prime Craig Kimbrel, but it’s a good bit better than the rest of the disasters in Cincy’s bullpen. The drop in strikeout rate was scary, but ZiPS doesn’t think it’s real when looking at the Statcast data, estimating that you ought to have expected him to finish up with 12 more strikeouts than he actually racked up — an impressive number in only 29 innings. Among relievers, that was the second-largest negative deficit, behind only Keynan Middleton of the Mariners. Scouting can also pick up this sort of thing, which is likely one reason the Angels were so willing to drop this amount of money.

The other is that Lorenzen wants to explore being a two-way player more than he got to in recent years. The Angels are apparently happy to grant this wish, given they’re the home of arguably the best (simultaneous) two-way player ever in Shohei Ohtani.

Lorenzen’s .233/.282/.429 line doesn’t scream “spare outfielder,” but one has to remember that his at-bats have been widely scattered, hampering his offensive development. In addition, a healthy chunk of them came as a pinch-hitter, a role in which players hit considerably worse compared to games they start.
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Cubs and Pirates Snag Top Two Catchers in Ever-Shrinking Market

Within the span of a few hours on Tuesday, the last two free-agent catchers projected to produce over 1 WAR next season came off the market. The Cubs landed Yan Gomes, as reported by Craig Mish of SportsGrid, for two years and $13 million with a $6 million option for a third year and some games played incentives worth up to $1 million per year. The Pirates, on the other hand, quickly filled a hole of their own making after trading Jacob Stallings to the Marlins on Monday afternoon by landing Roberto Pérez, the former Guardians catcher, as reported by ESPN’s Jeff Passan. The deal was later specified to be worth $5 million over one year by the Pittsburgh Post-Gazette’s Jason Mackey.

As discussed by Devan Fink a couple of weeks ago, the catcher market this offseason is particularly dire, and the signing of Pérez and Gomes means that there are essentially no more starting caliber options left at the position. Let’s take a closer look at each player and how they fit with their new team before seeing what further implication these moves might have around the league. Read the rest of this entry »